Heimstaden has zero tolerance for business relationships with people, entities, countries, or regions that are subject to sanctions.
Sanctions are mentioned in the Code of Conduct and the Anti-Corruption Manual, and the company is clearly stating support to international law, human rights, and democratic principles in addition to obligations and proactive actions in daily operations.
We do not cooperate, directly or indirectly, with any person or entity listed as unauthorised on sanction lists, and we do not do business, directly or indirectly, with countries or regions subject to sanctions. We are watchful when external parties may be on a sanction list or may have a related company in a country subject to sanctions. We must ensure business partners we deal with have been properly screened against applicable sanctions lists. We must stop and seek assistance from the Governance, Risk, and Compliance (GRC) function when our dealings with a business partner identifies suspicious facts or ‘red flags’.
Relevant Standard Operating Procedures (SOPs) and guidelines are available to employees for both tenant and supplier/third party screening.
Read our Sanction Policy here.